Title
Consider a memorandum/resolution to approve eligible applicants and allocate funding for the American Rescue Plan Act - Small Business Relief Grant.
Summary
DATE: December 6, 2022
TO: Kent Cagle, City Manager
FROM: Leslie Hinkle, Executive Director Community Development
SUBJECT: American Rescue Plan Act - Small Business Relief Grants
BACKGROUND AND FINDINGS:
The City Council allocated American Rescue Plan Act (ARPA) funds to assist businesses that sustained a net loss in revenue due to the COVID pandemic. A business relief grant application was developed for businesses to apply for the grant that would grant assistance up to $10,000 per applicant and not exceed the losses reported from federal income tax filings between 2019 and 2020.
Applications were received from February 1, 2022 to April 13, 2022. Eighty-nine applications were received. City Staff reviewed all the applications, verified submitted tax returns for tax years 2019 and 2020 for revenue losses and verified the eligibility for the grant. Twenty-one business applications met all the requirements, sustained revenue losses and are recommended for funding.
Business Name / Business Type
Amount Eligible
1. Henderson Food Service LLC/ restaurant
$10,000
2. Totally 4 Kids/childcare services
$10,000
3. LUTUM LLC/construction company
$10,000
4. MARQUEZ MEXICO LINDO/restaurant
$10,000
5. V.A salon LLC, DBA Rose Nails/nail salon
$10,000
6. Lil's Touch of Class Beauty Salon/hair salon
$10,000
7. JUDY'S PERSONAL TOUCH/hair salon
$10,000
8. WAN KIM 49 LLC/billiards, game room
$10,000
9. PRESSED BEAUTY BAR/hair salon
$10,000
10. NJ SPA LLC./nail salon
$10,000
11. ISLAND SPICE RESTAURANT/restaurant
$10,000
12. AN TRONG CORPORATION, DBA Ann's Nails/nail salon
$10,000
13. PHOENIX AWAKENING MASSAGE LLC./massage training school
$10,000
14. Faye Carol Thomas, DBA Gift City/gift shop
$10,000
15. Southwest Coaches Inc. DBA Arrow Trailways of Texas/ bus service
$10,000
16. Divine Hair Design Salon ...
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